(CercleFinance.com) – The CAC40 is lining up a second rising session this Tuesday on the Paris Stock Exchange (+1.1%), in volumes that are still just as anecdotal (just 1 billion euros in 8 hours) and with 2 major locomotives since These are LVMH and Hermès (at +2%), the top 2 capi on the Parisian market, then St Gobain with +3.5%.
The fact that Wall Street is reopening almost unchanged (S&P500 and Nasdaq at +0.2%) has tempered the enthusiasm a little, the CAC40 has returned from more than 7,240 to gravitate above 7,215 Pts for almost 1 hour.
The morale of investors seems to be in good shape on the world markets, particularly in Asia where they welcome the willingness displayed by the Chinese authorities to support the real estate sector, an Achilles heel of the second largest economy in the world.
“Yesterday, the People’s Bank of China and the National Financial Regulatory Administration issued a joint statement, and some loans are expected to receive a one-year repayment extension,” Deutsche Bank said.
“In addition, the China Securities Journal says China should ‘accelerate’ the rollout of the policy to support the real estate market, and that measures to support business confidence can be introduced,” she continued.
No data is expected this afternoon in the United States, but traders took note of the ZEW index of economic sentiment in Germany.
The ZEW Economic Sentiment Indicator for Germany, assessing the country’s economic outlook, recorded a decline in the current July 2023 survey: at -14.7, it is 6.2 points lower than its value. of the previous month.
This does not prevent the DAX from gaining +0.7 to +0.8%.
The Bunds even deteriorated by +1.5Pts to 2.6570%, returning to the poor levels of the day before, the same for our OATs (+1.5Pts to 3.2030%)… US T-Bonds are improving with -1.5Pt at 3.988E.
One of the ‘facts of the day’ is the rise in oil with ‘Brent’ rising above $79 and will try to lift the big resistance of $80.
In the news of values in Paris, Renault Group shows for its eponymous brand global sales up 11% in the first half of 2023, and has signed an agreement with Geely to create a joint venture of powertrains.
The Indian Ministry of Defense would have given its initial agreement yesterday to the purchase of 26 Rafale planes and 3 Scorpene submarines from France according to the Indian press agency ANI.
These contracts are expected to be announced during Indian Prime Minister Narendra Modi’s visit to France this week, Invest Securities reports.
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